7. fair play
– честная игра, игра по правилам8. effectiveness
effective
9. efficiency
efficient
10. communication
communicate
11. value
value
12. slogan
13. price/quality ratio
– соотношение цена/качество14. innovation
innovator
innovate
innovative
15. contribution (to)
contribute (to)
16. executive
executive
17. founder
found
18. research and development (R&D)
– исследования и разработки19. goodwill
20. complaint
complain
21. survey
survey
22. bottom line
– итоговая строка баланса или счета, финальная прибыль или убыток, окончательный результат, конечная цель23. generate profit
– генерировать прибыль24. warranty
25. sales
26. cost
27. Chief Executive Officer (CEO)
– главный исполнительный директор28. commitment
commit (to)
committed (to)
29. supervisor
supervision
supervise
30. assembly line
– сборочная линия, конвейер31. mission statement
– декларация миссии компании32. integrity
33. code
34. (in)tangible
Exercise 1. Answer the following questions.
1. Does corporate culture influence the way organizations are managed? 2. Do efficiency and effectiveness of a company depend on corporate culture? 3. Does corporate culture affect the relations of a company with its stakeholders? 4. How would you define corporate culture? 5. Do slogans really give us a general idea of what the company stands for? 6. Who should create the internal environment in an organization? 7. What are the basic values of successful companies? 8. Is bottom line the only thing that really matters? 9. Are employees always rewarded for quality? 10. Why is it important for companies not to violate any laws and be ethical?
Exercise 2. The dictionary «Economics» gives the following definitions of the terms «effectiveness» and «efficiency»: «Effectiveness is the achievement of objectives. Efficiency is the achievement of the ends with the least amount of resources.» Make 4—6 sentences of your own using these words in order to emphasize the difference between them.
Aeroflot has introduced an
Exercise 3*. According to the generally accepted definition, «Stakeholders are the people or institutions that are affected, or might be affected, by an organization’s activities. Likewise, stakeholders can, in return, affect the activities of that organization.»
The text identifies such stakeholders as customers, suppliers, creditors and competitors. What other stakeholders can you name?